Small Write up Analysis on #PaushakLtd
A Thread 🧵
A Thread 🧵
1/
Overview -
💣Paushak is into Phosgene Chemistry
💣India's Largest Player in Phosgination
💣Paushak uses Phosgene for Intermediates and Speciality Chemicals
Overview -
💣Paushak is into Phosgene Chemistry
💣India's Largest Player in Phosgination
💣Paushak uses Phosgene for Intermediates and Speciality Chemicals
2/
What is Phosgene ?
💣Phosgene was used to make Bombs in WW2
💣Hence Government Doesn't allow anyone to make it
💣Phosgene is also an intermediate which has end usage in automative, thermal, furniture, medical, agriculture, explosive stabiliser, solvent etc
What is Phosgene ?
💣Phosgene was used to make Bombs in WW2
💣Hence Government Doesn't allow anyone to make it
💣Phosgene is also an intermediate which has end usage in automative, thermal, furniture, medical, agriculture, explosive stabiliser, solvent etc
3/
💣To manufacture phosgene in india you have to take many approvals of Government.
💣Only 3 Players in India have the approval to manufacture Phosgene in India.
💣Hence here Govt. Regulation Moat comes into play.
💣To manufacture phosgene in india you have to take many approvals of Government.
💣Only 3 Players in India have the approval to manufacture Phosgene in India.
💣Hence here Govt. Regulation Moat comes into play.
4/
💣Now your question will be what is a intermediate and how it is used in a specialty chemicals ? Look at below image
💣This is the whole value chain of an specialty chemical in which Raw materials needed is an intermediate & KSM for making for specialty chemical
💣Now your question will be what is a intermediate and how it is used in a specialty chemicals ? Look at below image
💣This is the whole value chain of an specialty chemical in which Raw materials needed is an intermediate & KSM for making for specialty chemical
5/
Industry Overview -
💣This is Consolidated Industry as talked earlier due to Govt Regulations
💣Only 3 Players in India have approval to manufacture Phosgene. And in that comes Paushak.
Industry Overview -
💣This is Consolidated Industry as talked earlier due to Govt Regulations
💣Only 3 Players in India have approval to manufacture Phosgene. And in that comes Paushak.
6/
💣Now what matters in this industry is how much capacity each player has
💣Current Capacity of Paushak - 4,800 MT
💣Now what matters in this industry is how much capacity each player has
💣Current Capacity of Paushak - 4,800 MT
7/
Capex -
💣They are planning to do a Capacity Expansion from 4,800 MT to 14,000 MT
💣Almost a 3X jump.And also have got Govt Approval to do so.
Capex -
💣They are planning to do a Capacity Expansion from 4,800 MT to 14,000 MT
💣Almost a 3X jump.And also have got Govt Approval to do so.
8/
Products -
💣Isocyanates, Chloroformates, Substituted Urea, Acid Chlorides etc
💣These Products are used in Manufacture of flexible and rigid foams, fibers, coatings such as paints and varnishes
💣Also Company offers CMO services (Custom Synthesis)
Products -
💣Isocyanates, Chloroformates, Substituted Urea, Acid Chlorides etc
💣These Products are used in Manufacture of flexible and rigid foams, fibers, coatings such as paints and varnishes
💣Also Company offers CMO services (Custom Synthesis)
9/
Financials of the Company -
Financials of the Company -
10/
Thanks for reading this thread till end , Hope you liked it
If yes then don't forget to like & retweet this post so that it reaches to many more people
And don't forget to follow #Arthavruksha on Social Media -
Thanks for reading this thread till end , Hope you liked it
If yes then don't forget to like & retweet this post so that it reaches to many more people
And don't forget to follow #Arthavruksha on Social Media -
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